3 Room (3A) HDB for Rent in 111 Serangoon North Avenue 1

The valuation of the 3-room HDB unit in Serangoon, with a remaining lease of 58 years, is estimated at $468,637, translating to a price per square foot (PSF) of $545. This valuation reflects a market price that is in line with the baseline, demonstrating a 0% difference, which indicates a stable demand and supply equilibrium in the local HDB market. The model confidence for this valuation is assessed as high, bolstered by robust data derived from 171 recent HDB resale transactions in the vicinity, ensuring that the estimated value is grounded in current market realities.

As the remaining lease period stands at 58 years, this factor plays a critical role in influencing the property's value and appeal. In Singapore's dynamic real estate landscape, properties with mid-range leases can often experience fluctuations in buyer interest and pricing dynamics. However, Serangoon's ongoing urban development and amenities contribute positively to the desirability of such HDB units. Thus, while the valuation is reflective of current market sentiments, prospective buyers should remain cognizant of the leasehold limitations and their long-term implications on property value appreciation.